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Privatisation Commission is holding the second Road Show at Lahore for the
Public Offering of 5 % GoP shares in Sui Southern Gas Company (SSGC) a company
listed on the Stock Market since 1956. It will be the second Road Show in the
series after Karachi. Road Show at Lahore is being held at Pearl Continental
Hotel, on January 19, 2004 Monday at 4 p.m. The general public and the
investors are invited to participate in these Shows to obtain necessary
information regarding the Public Offering of SSGC.
It will be the first secondary Public Offering of SSGC shares being made in
accordance with the government's policy to strengthen, broaden and deepen the
base of the Stock Market and to transfer the benefits of privatisation to the
common man.. The Government of Pakistan holds 70.43 % shares of SSGCL while
29.57 % shares are with the general public and institutions.
Preference will be given to the smaller applicants for the minimum lot of 1000
shares for the Initial Public Offering (IPO) of 5 % shares (33.56 million
shares) of Sui Southern Gas Company Limited (SSGCL) with a green shoe option
of additional 5 % shares in case of over subscription, being offered at a
price of Rs. 26/ = per share including a premium of Rs. 16/=. PC expects total
proceeds from 10 % shares offering to the tune of Rs. 1.74 billion.